GERMAN port operator hamburg Hafen und Logistik says the government shouldn't block a Chinese acquisition of a stake in a container terminal, reports Bloomberg News.
The port argues the deal will bring investment to the port and poses no threat to national security.
Meanwhile, China's Cosco Shippings Holding Co delayed a bid to acquire a 35 per cent stake in the Tollerort terminal.
It was after German Economy Minister Robert Habeck indicated the government would likely veto the deal due to concerns related to Chinese investment in critical infrastructure.
'There are no substantial reasons why this deal should be blocked,' said Hamburg Hafen.
China's Belt and Road programme has seen Beijing-backed companies invest in infrastructure assets across Asia and western Europe.
Meanwhile, Cosco has acquired major stakes in strategically important ports, including a holding in the Greek Port of Piraeus.
Germany will only approve Cosco's bid if the company can be effectively monitored.
'The same applies to Cosco's pricing policy, which must not result in competitors being squeezed out of the market as a result of support from the Chinese state,' said IfW research institute trade expert Rolf Langhammer.
'Conditions are necessary because Cosco is a state-owned company created from mergers with other Chinese shipping companies and is under the direct influence of the government, whose strategic goals are unknown.'
SeaNews Turkey
The port argues the deal will bring investment to the port and poses no threat to national security.
Meanwhile, China's Cosco Shippings Holding Co delayed a bid to acquire a 35 per cent stake in the Tollerort terminal.
It was after German Economy Minister Robert Habeck indicated the government would likely veto the deal due to concerns related to Chinese investment in critical infrastructure.
'There are no substantial reasons why this deal should be blocked,' said Hamburg Hafen.
China's Belt and Road programme has seen Beijing-backed companies invest in infrastructure assets across Asia and western Europe.
Meanwhile, Cosco has acquired major stakes in strategically important ports, including a holding in the Greek Port of Piraeus.
Germany will only approve Cosco's bid if the company can be effectively monitored.
'The same applies to Cosco's pricing policy, which must not result in competitors being squeezed out of the market as a result of support from the Chinese state,' said IfW research institute trade expert Rolf Langhammer.
'Conditions are necessary because Cosco is a state-owned company created from mergers with other Chinese shipping companies and is under the direct influence of the government, whose strategic goals are unknown.'
SeaNews Turkey